EXHIBIT 99.1
DIRECTORS
Chairman Mr. Carlos Abumohor Touma
First Vice-Chairman Mr. Alvaro Saieh Bendeck
Second Vice-Chairman Mr. Jorge Andres Saieh Guzman
Directors Mr. Fernando Aguad Dagach
Mr. Julio Barriga Silva
Mr. Rene Cortazar Sanz
Mr. Carlos Massad Abud
Mr. Odde Rishmague Rishmague
Mr. Francisco Rosende Ramirez
Mr. Jorge Selume Zaror
Mr. Hernan Somerville Senn
Alternate Director Mr. Juan Rafael Gutierrez Avila
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MANAGEMENT
Chief Executive Officer Mr. Mario Chamorro Carrizo
Division Manager - Retail Banking Mr. Osvaldo Barrientos Valenzuela
Division Manager - Corp Banca Capital Markets Mr. Patricio Leighton Zambelli
Division Manager - Large Corporations and Corporative Mr. Christian Schiessler Garcia
Division Manager - Commercial Banking Mr. Alberto Selman Hasbun
Division Manager - Finance Mr. Pedro Silva Yrarrazaval
Division Manager - Information Technology Mr. Armando Arino Joiro
Division Manager - Human Resources and Administration Mrs. Olivia Brito Bahamonde
Division Manager - Legal Services Mr. Cristian Canales Palacios
Division Manager - Risk Mr. Julio Henriquez Banto
Comptroller and Planning Division Manager Mr. Enrique Perez Alarcon
Division Manager - Operations Mr. Guido Silva Escobar
Division Manager - Commercial Credit Risk Mr. Fernando Valdivieso Larrain
CORPBANCA AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(in millions of Chilean pesos - MCh$)
AT DECEMBER 31,
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ASSETS 2006 2005
- ---------------------------------------- ------------- -------------
MCh$ MCh$
CASH AND BANKS 82,177.2 75,161.7
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LOANS:
Commercial loans 1,507,218.8 1,330,277.1
Foreign trade loans 236,999.2 215,041.2
Consumer loans 435,969.8 360,021.1
Mortgage loans 346,772.3 314,461.2
Lease contracts 226,595.7 214,333.8
Contingent loans 281,348.4 231,294.9
Other outstanding loans 257,798.5 186,479.5
Past due loans 19,115.0 25,522.7
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Total loans 3,311,817.7 2,877,431.5
Less: Allowance for loan losses (46,524.0) (45,267.3)
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Total loans (net) 3,265,293.7 2,832,164.2
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OTHER LOAN OPERATIONS:
Interbank loans 20,005.9 30,640.7
Investments under agreements to resell 6,137.2 6,712.3
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Total other loan operations 26,143.1 37,353.0
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TRADING INSTRUMENTS 124,397.9 154,885.6
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INVESTMENT INSTRUMENTS:
Available for sale 28,009.3 268,263.6
Held to maturity - -
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Total investment instruments 28,009.3 268,263.6
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FINANCIAL DERIVATIVE CONTRACTS 4,452.1 8,065.8
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OTHER ASSETS 131,225.0 119,008.4
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FIXED ASSETS:
Bank premises and equipment (net) 32,272.0 32,561.7
Investments in other companies 1,852.0 1,760.6
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Total fixed assets 34,124.0 34,322.3
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Total assets 3,695,822.3 3,529,224.6
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CORPBANCA AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(in millions of Chilean pesos - MCh$)
AT DECEMBER 31,
-----------------------------
LIABILITIES AND SHAREHOLDERS' EQUITY 2006 2005
- ----------------------------------------------- ------------- -------------
MCh$ MCh$
LIABILITIES
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DEPOSITS AND OTHER LIABILITIES:
Current accounts 176,092.8 152,380.7
Saving accounts and time deposits 1,701,939.0 1,762,337.0
Other sight and term liabilities 99,227.0 56,464.7
Investments under agreements to repurchase 54,875.9 64,760.4
Mortgage finance on bonds 334,919.6 298,884.9
Contingent liabilities 285,206.8 232,156.7
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Total deposits and other liabilities 2,652,261.1 2,566,984.4
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BONDS:
Bonds 182,292.7 147,802.2
Subordinated bonds 43,885.8 46,593.2
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Total bonds 226,178.5 194,395.4
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BORROWINGS FROM CENTRAL BANK
AND OTHER FINANCIAL INSTITUTIONS:
Chilean Central Bank lines of
credit for renegotiations of loans - 2.6
Other Central Bank borrowings 32,033.8 -
Borrowings from domestic financial institutions 3,601.1 45,906.3
Foreign borrowings 240,188.6 228,279.4
Other obligations 28,096.8 25,304.3
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Total borrowings from financial institutions 303,920.3 299,492.6
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FINANCIAL DERIVATIVE CONTRACTS 4,940.7 543.8
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OTHER LIABILITIES 75,272.3 51,724.6
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Total liabilities 3,262,572.9 3,113,140.8
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MINORITY INTEREST - -
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SHAREHOLDERS' EQUITY:
Capital and reserves 393,864.1 367,685.1
Other reserves 280.8 (5,339.4)
Net income for the year 39,104.5 53,738.1
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Total shareholders' equity 433,249.4 416,083.8
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Total liabilities and shareholders' equity 3,695,822.3 3,529,224.6
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CORPBANCA AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME
FOR THE YEARS ENDED DECEMBER 31, 2006 AND 2005
(in millions of Chilean pesos - MCh$)
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2006 2005
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MCh$ MCh$
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OPERATING REVENUE
Interest revenue 247,540.5 253,881.5
Gains from trading activities 36,965.4 21,944.7
Fees and other services income 33,314.1 27,561.4
Foreign exchange transactions gain (net) 301.5 -
Other operating income 1,712.3 5,370.4
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Total operating revenue 319,833.8 308,758.0
Less:
Interest expense (138,616.2) (132,664.2)
Losses from trading activities (29,961.3) (9,786.5)
Fees and other services expenses (5,104.5) (3,901.1)
Foreign exchange transactions loss (net) - (367.8)
Other operating expenses (12,933.2) (10,917.5)
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Gross operating margin 133,218.6 151,120.9
Personnel salaries and expenses (40,932.8) (38,016.9)
Administrative and other expenses (18,851.4) (17,152.7)
Depreciation and amortization (5,251.4) (5,261.3)
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Net operating margin 68,183.0 90,690.0
Provisions for assets at risk (14,666.1) (14,121.7)
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Operating income 53,516.9 76,568.3
OTHER INCOME AND EXPENSES
Non-operating income 2,606.3 2,789.6
Non-operating expenses (2,706.0) (4,107.8)
Income from investments in other companies 333.5 221.1
Net loss from price-level restatement (7,008.5) (10,778.2)
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Income before income tax 46,742.2 64,693.0
Income taxes (7,637.7) (10,954.9)
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Income after income tax 39,104.5 53,738.1
Minority interest - -
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Net income 39,104.5 53,738.1
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Pablo Armijo Cesped Mario Chamorro Carrizo
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Manager-Accounting Chief Executive Officer
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Information Herein Provided
The complete financial statements, the notes thereto and the report of the
external auditors are available at www.corpblanca.cl and also at the offices of
the company.
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